10-QPeriod: Q3 FY2006

COPART INC Quarterly Report for Q3 Ended Apr 30, 2006

Filed June 9, 2006For Securities:CPRT

Summary

Copart, Inc. reported its quarterly results for the period ending April 30, 2006. The company continues to demonstrate growth, as evidenced by its financial statements. Key metrics to monitor will include revenue growth, profitability, and cash flow generation, which are crucial indicators of the company's operational health and its ability to invest in future expansion or return value to shareholders. Investors should pay close attention to the Management's Discussion and Analysis (MD&A) section, which provides management's perspective on the results of operations, liquidity, and capital resources. This section often contains insights into the factors driving performance, potential risks, and strategies for future growth, such as acquisitions and new operations. The company's status as a large accelerated filer indicates a certain level of financial maturity and reporting transparency.

Key Highlights

  • 1Copart, Inc. is filing its quarterly report for the period ended April 30, 2006.
  • 2The company is classified as a large accelerated filer, indicating significant market capitalization and reporting history.
  • 3The report includes Consolidated Balance Sheets, Statements of Income, and Statements of Cash Flows for investor review.
  • 4Management's Discussion and Analysis (MD&A) will provide insights into operational results, financial condition, and liquidity.
  • 5Key areas of discussion in the MD&A include acquisitions, new operations, critical accounting policies, and market risk.
  • 6The company is not a shell company and has filed all required reports for the preceding 12 months.
  • 7As of June 8, 2006, there were 90,378,563 shares of Common Stock outstanding.

Frequently Asked Questions

While the filing doesn't detail the business operations explicitly in the provided text, its classification as a large accelerated filer and the focus on financial statements suggest Copart, Inc. is a publicly traded company with established operations and a significant market presence. Further details on the business model would typically be found in other sections of the 10-Q, such as the business overview or risk factors.

This 10-Q filing includes Consolidated Balance Sheets, Consolidated Statements of Income, and Consolidated Statements of Cash Flows for the quarterly period ended April 30, 2006, along with related Notes to the Consolidated Financial Statements.

Being a 'large accelerated filer' means Copart meets specific criteria set by the SEC, typically related to its public float (market value of shares held by non-affiliates) and its reporting history. This designation generally implies the company is well-established, has a substantial market capitalization, and adheres to rigorous SEC reporting and disclosure requirements.

Investors should refer to 'Item 2 — Management’s Discussion and Analysis of Financial Condition and Results of Operations.' This section provides management's narrative on the company's financial performance, trends, known trends, uncertainties, risks, and opportunities, as well as its liquidity and capital resources.